Community Foundation Grows to 500 Funds, Surpasses $80 Million in Total Assets

Mar 29, 2017 by

 

The Community Foundation of the Fox River Valley is proud to announce that it has reached a major milestone. As of March 1, 2017, the Foundation has surpassed $80 million in total assets.

In 2016, the Community Foundation received more than $5.5 million in gifts, helping the organization reach the $80 million mark earlier this month. In return, $3.5 million in charitable support was awarded back to the community last year in grants and scholarships.

Additionally, the Foundation welcomed thirty-six new funds in 2016 and now administers over 500 funds. Nearly 300 of these funds are endowed, providing perpetual philanthropic support to our communities.

Since its inception in 1948, the Community Foundation has awarded more than $49 million in grants and more than $14 million in scholarships, for a combined total of over $63 million in funding. Furthermore, the Foundation has received more than $92 million in gifts since its inception, bringing its total philanthropic capital to nearly $155.5 million.

We at the Community Foundation would like to express our deepest gratitude to you – the donors.

You are the backbone of the Foundation, and the number one reason for our achievements. Our level of support to the community would not be possible without your participation and dedication.

Thank you to our fund holders and the individuals who have included the Community Foundation in their estates. We sincerely appreciate the support of the individuals, businesses, and organizations that have contributed to the Foundation over the years. Your contributions help better our communities and improve the quality of life in the Fox River Valley.


About the Community Foundation of the Fox River Valley

The Community Foundation of the Fox River Valley is a non-profit, tax-exempt, philanthropic organization that administers individual charitable funds from which grants and scholarships are distributed to benefit the citizens of the Greater Aurora Area, the TriCities and Kendall County, Illinois.

Founded in 1948, the Foundation provides a simple and powerful approach to charitable giving. Individuals, families, businesses and organizations have the opportunity to custom design their own named funds that reflect their charitable goals and interests. Since its inception, the Community Foundation has grown to more than $80 million in assets and has awarded over $63 million in grants and scholarships.

For more information on the Foundation, visit www.CommunityFoundationFRV.org

 

 

 

 

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